News

27.08.2006

“PERM ENGINE COMPANY” PROVES IT IS WORTH INVESTORS’ TRUST

June 31, 2006 "Perm Engine Company" OJSC fulfilled its liabilities to the investors on purchase of non-convertible interest bearing documentary coupon bonds of the 01 series with obligatory centralized storage (State Identification No. 4-01-30190-D of June 23, 2005).

June 2005 "Perm Engine Company" placed the first funded loan for the amount of 1,200,000,000 Roubles with the aim to attract financial resources for increased working capital and to replace credit resources for less borrowed capital and diversified borrowed funds.

"Perm Engine Company" has fulfilled all the obligations on the coupon income under the first four bond coupons payment by the stipulated date. The total coupon income in the amount of 116,064,000 Roubles has been paid. The Emitter has determined 9,9% yearly as the rate for the 5-8-warrant periods.

Marina Portnaya, Deputy General Director for Economy and Finance, "Perm Motors Group" Managing Company" CJSC:

"The offer results confirm the company's high reliability and prove that "Perm Engine Company", one of the largest companies of "Perm Motors Group", is worth the investors' trust.